Notes to Accounts of Advance Powerinfra Tech Ltd.

Mar 31, 2015

1 As at 31 st March,2015,there was a diminution of Rs 17544271.75 in the value of the company''s quoted investment, considering the market value as at the year ended.However,no provision has been made in the accounts for such fall,as the investment is in the nature of a long term strategic investment and the diminution in its value is on account of temporary factors.

2 The Company holds certain unquoted investments at an aggregate cost of Rs2000000 in companies as on 31 st M arch 2015, whose net worth have been sustantially eroded.However, in view of the fact that these investments are held as strategic long term investment and the dimunition in their values being on account of temporary factors, no provision for dimunition in the value of these investments in considered necessary.

3 Contingent Liabilities and Commitments RS. In ( Rupees)

Particulars as at as at 31 March 2015 31st March 2014

Contingent Liabilities 29185607 29185607

Claims against the company not acknowledged as debt 29185607 29185607

Guarantees

Grand Total 29185607 29185607

4 Most of Loans & Advance and Trade Receivables including debts outstanding for over three years,against which company did not made any provision.

As per the management assessment all of them considered good in nature.

a) Key management personnel & their Relatives

AKHILESH KOTIA GYAN CHAND KOTIA CHARU KOTIA GAURAV JAIN PUSHPA KOTIA AKHILESH KOTIA HUF

b) Enterprises over which management Personeel and/or their relaties have significant influence:

MARSONS LIMITED

MARSONS S TEXTILE LTD

M-TRUST CAPITAL ADVISORY (P) LTD

M-SECURE HR SERVICE PRIVATE LIMITED c) Related Party Transaction

The following table provides the total amount of total amount of transaction that have been entered in to with related parties for the relevent financial period.

5 Previous Year Figures

Previous Year figures are regroup/rearrange wherever necessary

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Mar 31, 2014

Note No - 1 Management Disclosure

M/s. Advance Power Technologies Ltd. have been merged with the company in terms of the order of Honorable High Court at Calcutta on 27.07.2012.

Note No - 2

As at 31st March, 2013, there was a diminution of R. 17544271.75 in the value of the Company''s quoted investments, considering the market value as at the year end. However, no provision has been made in the accounts for such fall, as the investment is in the nature of a long term strategic investment and the diminution in its value is on account of temporary factors.

Note No - 3

The Company holds certain unquoted investments at an aggregate cost of R. 9121478.05 in companies as on 31st March 2013, whose net worth have been substantially eroded. However, in view of the fact that these investments are held as strategic long term investment and the diminution in their values being on account of temporary factors, no provision for diminution in the value of these investments is considered necessary

Contingent Liabilities and Commitments

Note No - 4 In Rs. (Rupees)

particu|ars as at as at 31-March-2014 31-March-2013 Contingent Liabilities

Claims against the company not acknowledged as debt 29,185,607.00 29,185,607.00

Guarantees - -

Total 29,185,607.00 29,185,607.00

Note No - 5

Most of the Loans & Advance and Trade Receivables including debts outstanding for over three years, against which company did not made any provision. As per the management assessment all of them considered good in nature.

Note No - 6

Previous Year Figures:

M/s. Advance Power Technologies Ltd. have been merged with the company in terms of the order of Hon''ble High Court at Calcutt a and accordingly the financial statement are dated 27.07.12

Previous year figures are regroup -rearranged wherever necessary.

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Mar 31, 2013

1. M/s. Advance Power Technologies Ltd. have been merged with the company in terms of the order of Hon''ble High Court at Calcutta and accordingly the financial statements are made for the 15 months period ended 30-06-2012 in the previous Financial statement. Hence the management prepared current financial statement for the 9 months period ended 31st March 2013. Shares of the Company have been allotted to the shareholders of erstwhile Advance Power Technologies Limited accordingly in the ratio of 1:2 as per the said order on 23.08.2012.

2. Income Tax Department has on 22nd September, 1998 seized 100000 Equity Shares of Marson''s Textiles Limited and held under Stock in Trade.

3. There were no amount overdue and remaining outstanding to small scale and / or ancillary industrial Suppliers as per information available.

4. In view of the Company primarily engaged in manufacturing of transformer and other related accessories activities, and there being no separate reportable ''Segments'' AS-17 is not applicable

5. Earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the number of Weighted Average Equity shares outstanding during the period.

6. Deferred Tax resulting from "timing differences" between book and taxable profit is accounted for using the. Deferred tax resulting from "timing differences" between book and taxable profit is accounted for using the tax rates and laws that have been enacted or substantively enacted as on balance sheet date.

The provision for deferred tax has been made accordingly, as per AS - 22 issued by ICAI for the period of 1st July 2012 to 31st March 2013.

Note No - 7

Related Party Disclosure

a) Key Management Personnel & their Relatives

- AKHILESH KOTIA

- MANOJ KUMAR BANKA

- SUDHIR KUMAR JOSHI

- 6YAN CHAND KOTIA

- CHARU KOTIA

- GAURAVJAIN

- PUSHPA KOTIA

- AKHILESH KOTIA HUF

b) Enterprises over which Management Personnel and /or their relatives have significant influence :

- MARSON LIMITED

- MARSON STEXTILE LTD

- MARSON LOGISTICS P. LTD

- M -TRUST CAPITAL ADVISORY P LTD

- MARSON S PROPERTIES P. LTD

- MARSON S PETRO PRODUCT LTD

- M - SECURE HR SERVICE PRIVATE LIMITED

c) Related Party Transactions:

The following table provides the total amount of transactions that have been entered into with related parties for the relevant financial period:

Note No - 8

Previous Year Figures:

M/s. Advance Power Technologies Ltd. have been merged with the company in terms of the order of Hon''ble High Court at Calcutta and accordingly the financial statements are made for the 15 months period ended 30-06-2012 in the previous financial statement .Hence the management prepared current financial statement for the 9 months period ended 31st March 2013.

In view of the reduced financial year, results are for the period of nine months ended 31st March 2013 in comparison to previous period of 15 months hence previous year figures are not comparable.

The Company has reclassified previous year figure to confirm to this year''s classification .However, the adoption of revised schedule VI does not impact recognition, measurement principles, presentation and disclosures..

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Mar 31, 2010

1. Loans and Advances.due_from company, under the same management

i) M/s, Marsonrs Textiles Limited Rs. 1656271355 (Previous Year Rs, 17767217.55)

ii) M/s Marsons Copper & Strips Pvt. Ltd. Rs. 6r00,000 (Previous Year Rs. 6,00,000)

2. Income Tax Department has on 22nd September 1995 seized 100000 Equity Shares of Marsons Textiles Limited and held under Stock in Trade.

3. There were no amount overdue and remaining outstanding to small scale and / or ancillary industrial suppliers as per information available.

4. Previous year Figures have been re-grouped wherever necessary.

5. In view of the Company primarily engaged in Financial/Investing activities, and their being no separate reportable Segments AS-17 is not applicable.

6. Related Party Disclosures

Related party disclosures as required by AS-18, Related Party Disclosures" are given below: 1, Relationships

a] Key Management Personnel and their relatives

Mr. Akhilesh Kotia

Mrs. Charu Kotia

Mr, Gaurav Jain

Mrs. Pushpa Kotia

b) Enterprises over which the Key Management personnel and/or their relatives have significant Influence Marsons Limited

Advanced Power Technologies Ltd (Formerly A.P Electricals Pvt Ltd,)

Marsons Textiles Limited

Marsons Copper & Strips Pvt. Ltd.

7. In accordance with AS 22 on accounting for deferred tax. deferred tax liablity for the year of Rs.31794/- has provided. Deferred tax assets on current year losses has been considered on account of prudence for Rs. 18011 Deferred Tax Liability at the year end is Rs.74179/ is an account of timing difference of depreciable assets.